First Independent Mena Newspaper
Morocco was listed among the top three most promising markets for the automotive industry, said Spanish insurance company “Crédito y Caucion” in a recent study. Morocco was ranked along with the Czech Republic and Vietnam as most performing emerging automotive industry markets, offering attracting investment opportunities to carmakers in 2018. “Morocco succeeded in few years […]
Morocco and the European Union have initialed in Brussels this Wednesday (January 31) a document strengthening their partnership under the farm agreement binding the two parties. “The signing of this document is part of the strengthening of the Morocco-European agricultural partnership on the basis of the farm agreement between the two parties”, said Foreign Minister […]
The Arab region needs now more than ever an inclusive growth, which is a shared responsibility between governments, the private sector and society at large, including its youth and its women, said Tuesday in Marrakech Chief of the International Monetary Fund, Christine Lagarde. Addressing regional conference, “Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in […]
Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]
Since its triumphal return to the African Union, Morocco continues to score precious diplomatic points on the Sahara issue at the continental level. The speech given by the Chairperson of the African Union’s Commission, Faki Mahamat at the opening of the 30th Summit of the pan-African organization is indicative of a U-turn in how the […]
Longstanding friend and ally of Morocco in Africa, President Alpha Conde of Guinea, paid tribute to Morocco on the sidelines of the 30th African Union’s Summit held in Addis Ababa January 28-29. “We are all aware of the role that late king Mohammed V played (in favor of Africa)” and the support that the late […]
The Abu Dhabi-based Mubadala Aerospace is considering opening a new manufacturing plant in Morocco to be closer to its customer Airbus, said the company’s chief Badr Al Olama. The North African Kingdom enjoys “a proximity to Europe. Being closer to the customers will be important for Strata”, a unit of Mubadala Aerospace, he added in […]
The Souss-Massa region, which attracted more than 18 billion dirham-investments in 2017, is poised to become a platform of exports towards Africa. This new vocation of the region was stressed at a ceremony held Sunday in Agadir under the chairmanship of King Mohammed VI and during which the Souss-Massa Regional 2014-2020 Industrial Acceleration Plan was […]
Morocco has expressed support for the reform agenda proposed by Rwanda’s President Paul Kagame to revamp the African Union and boost its financial independence. In an interview with Moroccan news website, le360.ma, Moroccan Foreign Minister Nasser Bourita said that the North African Kingdom adheres to the reforms put forward by President Kagame, who is taking […]
Moroccan economy grew by 4.6% in 2017 compared to 1.2% in 2016 on the backdrop of an improvement of the indicators of the agricultural sector. Abundant rainfall boosted the agricultural value added to 15.4% in the first three quarters of 2017 compared to -12.5% the same period in 2016, Economy and Finance Minister Mohamed Boussaid […]